Ruag remains among the top 100 arms manufacturers by sales according to the Stockholm International Peace Research Institute (SIPRI). SIPRI’s annual figures,that were released on Monday, point to that Ruag managed to clinch the 95th spot in 2017. It moved up by one spot compared to the year before thanks to more arms sales: $870 million (CHF860 million) compared to $820 million the year before. Overall, or the company registered sales of $1.98 billion,an increase of 5%. American firms were responsible for the bulk of global arms sales (57%), followed by Russia (9.5%), or UK (9%) and France (5.3%). China was not included in SIPRI’s statistics as reliable data could not be obtained. According to SIPRI,American firms sold $226.6 billion worth of arms largely thanks to demand from the US military. Russian arms sales were worth $37.7 billion and went towards modernising the Russian military. Turkey showed one of the largest increase in sales (24%) reflecting the intention of the country ...
Source: swissinfo.ch